Newbie question: what kind of loan can I get on my next property?

[Reaz Alli]

Hello BP I have a newbie question. I'm living in my house right now, which is a SFH - I put 20% down. I was looking to buy my next property and I would like to use a fha on the next property if possible so I could use a low down payment... but would I have to live in it? What's a good way to buy my next property? Most likely a duplex or multi family house.

[Reaz Alli]

Adam P. Thanks for the help! I'm just trying to figure out the best route to go into my REI, I wanted to buy multi family houses for rentals to get more units with one loan. I wanted to use fha but guess that's not going to work. So say if I wanted to flip a house could I get a 203k loan or I would have to live in it also right?